spyguy Posted January 15, 2018 Share Posted January 15, 2018 6 hours ago, winkie said: The correct way would be to allow them to fail......else make so called capitalism a laughing stock.....the warnings were there. The work still needs to be done, so the jobs will continue using better business, better ways of doing things. Looksl ike cpaitlaism is back. No more of Browns no more boom or bust; free money for all. Or the UK has run out of money .. Quote Link to comment Share on other sites More sharing options...
HACKS Posted January 15, 2018 Share Posted January 15, 2018 Game over https://news.sky.com/story/live-ailing-construction-giant-carillion-enters-into-liquidation-11208600 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 15, 2018 Share Posted January 15, 2018 3 minutes ago, HACKS said: Game over https://news.sky.com/story/live-ailing-construction-giant-carillion-enters-into-liquidation-11208600 Straight for liquidation,...no administration ?  I wonder when the execs will be repaying their massive salaries and bonuses ? Quote Link to comment Share on other sites More sharing options...
frederico Posted January 15, 2018 Share Posted January 15, 2018 More great lending decisions made by our finest bankers Quote Link to comment Share on other sites More sharing options...
jfk Posted January 15, 2018 Share Posted January 15, 2018 7 minutes ago, TheCountOfNowhere said: Straight for liquidation,...no administration ? Â I wonder when the execs will be repaying their massive salaries and bonuses ? You're a great comedian Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted January 15, 2018 Share Posted January 15, 2018 2 minutes ago, frederico said: More great lending decisions made by our finest bankers The jewels of our economy. soft cuddly brexit for the bankers. Quote Link to comment Share on other sites More sharing options...
Futuroid Posted January 15, 2018 Share Posted January 15, 2018 4 minutes ago, GrizzlyDave said: soft cuddly brexit for the bankers. It's the Tory way. There will be plenty of money for their friends in the legal profession from the torrent of soon to be announced inquiries into the collapse. Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 15, 2018 Share Posted January 15, 2018 17 minutes ago, frederico said: More great lending decisions made by our finest bankers They were the future in 1987. UK would have beenbankers to the world. UK children would dream of being clerks.... Where the fux did it all go wrong? Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted January 15, 2018 Share Posted January 15, 2018 1 minute ago, spyguy said: They were the future in 1987. UK would have beenbankers to the world. UK children would dream of being clerks.... Where the fux did it all go wrong? The proceeds of growth inadequately taxed an shared with the rest of the UK. Quote Link to comment Share on other sites More sharing options...
Calcutta Posted January 15, 2018 Share Posted January 15, 2018 The time of purification is upon us. Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 15, 2018 Share Posted January 15, 2018 1 minute ago, Calcutta said: The time of purification is upon us. More like an extra large bowl of bran flakes and prunes. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 15, 2018 Share Posted January 15, 2018 5 minutes ago, spyguy said: They were the future in 1987. UK would have beenbankers to the world. UK children would dream of being clerks.... Where the fux did it all go wrong? ....... Security...... property?..... governments?.......SMEs no security no lending. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 15, 2018 Share Posted January 15, 2018 You can't lose ( more the £900m ) on property Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 15, 2018 Share Posted January 15, 2018 1 minute ago, winkie said: ....... Security...... property?..... governments?.......SMEs no security no lending. I thought it was extreme leverage and not enough due diligence ... Quote Link to comment Share on other sites More sharing options...
winkie Posted January 15, 2018 Share Posted January 15, 2018 1 minute ago, spyguy said: I thought it was extreme leverage and not enough due diligence ... Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted January 15, 2018 Share Posted January 15, 2018 Straight to the Official Receiver in liquidation which is unusual. The government clearly don't want any City Administrator controlling the winding up. Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted January 15, 2018 Share Posted January 15, 2018 1 minute ago, winkie said: Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security. Â 5 minutes ago, winkie said: Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security. TbTF? Quote Link to comment Share on other sites More sharing options...
Calcutta Posted January 15, 2018 Share Posted January 15, 2018 Any chance these schmucks could bring down Deutsche Bank? Quote Link to comment Share on other sites More sharing options...
GrizzlyDave Posted January 15, 2018 Share Posted January 15, 2018 4 minutes ago, Calcutta said: Any chance these schmucks could bring down Deutsche Bank? Fingers crossed Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 15, 2018 Share Posted January 15, 2018 19 minutes ago, Calcutta said: Any chance these schmucks could bring down Deutsche Bank? No. DB will bring down DB. Â Quote Link to comment Share on other sites More sharing options...
lie to bet Posted January 15, 2018 Share Posted January 15, 2018 Is the loan from RBS in the good bank or the bad bank? Presumably more fencing can be found to extend ring fencing if it needs to be moved from the good bank to the bad bank. And they can get an estimate from Carillion to erect it. Quote Link to comment Share on other sites More sharing options...
nome Posted January 15, 2018 Share Posted January 15, 2018 How much assets have they actually got worth liquidating? They seem to sub all their contracts out. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted January 15, 2018 Share Posted January 15, 2018 They've actually let it go into direct liquidation. One wonders if they had huge amounts of skeletons to bury to avoid administration and some KPNG cowlick coming across the bodies. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 15, 2018 Share Posted January 15, 2018 (edited) 1 hour ago, GrizzlyDave said: Â TbTF? ......both winners and losers.....all those that shorted it? those that were rewarded for failure?......those with first hands on the cash before the cash flow turned into >120 days?.......would think contracts to more smaller well run firms, spreading the risk, better that two or three big ones who can fail, meaning less people then affected by a bad business model. Edited January 15, 2018 by winkie Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 15, 2018 Share Posted January 15, 2018 Wonder how many piled into their shares when the price shot up 25% in a day.    Quote Link to comment Share on other sites More sharing options...
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